Ashurst advised insurance group R+V on the acquisition of the inner-city shopping centre Weinheim Galerie in the German city of Weinheim from DC Developments for an undisclosed consideration.
Mayer Brown represented Universal-Investment with GPEP GmbH as portfolio manager on the acquisition of 12 retail stores with Netto Marken-Discount as anchor tenant as well as a retail center. The properties with a gross lettable area of around 20,000 sqm were sold by a project developer. The purchase price was not disclosed. The properties are located in Bavaria, Lower Saxony, Rhineland-Palatinate, Saxony and Saxony-Anhalt (Germany).
Roschier represented Deka Immobilien Investment GmbH in its acquisition of a five-star hotel property at Yrjönkatu 13 in central Helsinki from CapMan Real Estate. CapMan Real Estate is currently converting the landmark building into a 153-room luxury hotel, Hotel St. George, with Kämp Collection Hotels as an operator. The transaction is expected to close when the conversion work has been finalized and Hotel St. George opens its doors to the public in summer 2017.
Mayer Brown advised Asian Growth Properties, the Hong Kong-based property investor and developer, on the purchase of the entire issued units in the Trust that owns 20 Moorgate, London for £155 million.
The 150,000 sq ft property, purchased from Deutsche Fonds Holding AG, is fully let to two tenants. The Prudential Regulatory occupies the office space in the building, whilst brewers Fuller Smith & Turner Plc occupy the sole retail unit.
King & Wood Mallesons (KWM) has advised Quadrant Private Equity on two recent acquisitions to add to its portfolio of experience-related travel assets. The two businesses acquired are Cruise Whitsundays, the biggest ferry and cruise operator in North Queensland carrying about 700,000 passengers a year and Perth-based Rottnest Express, which ferries passengers to Rottnest Island and runs bus tours, cycling adventures and the like.
These acquisitions by Quadrant follow its purchase of Great Southern Rail earlier this year, on which KWM also advised.
Legal business DWF Newcastle has advised new company, Hindley Circuits Limited, which is backed by Andrew Lapping of Hamilton Capital Partners, on the acquisition of the assets and business of electronics design and manufacturing company, OPSOL UK Limited ("OPSOL"), via a pre-pack administration.
King & Wood Mallesons has assisted QIC, on behalf of its clients the QIC Global Infrastructure Fund and the Future Fund, on the first acquisition of the $3 billion Powering Australian Renewables Fund (PARF).
KWM advised on the $A257 million acquisition of the 102 MW Nyngan and 53 MW Broken Hill solar plants which has now reached financial close, marking the transfer of the first two seed assets into the fund.
CHSH advised Universal-Investment, a fund company based in Frankfurt, in connection with its acquisition of the micro apartment real estate asset "Linked Living", which is located in close proximity to the campus of the Vienna University of Economics and Business, from Corestate for a special fund launched on the Luxembourg AIF platform of Universal-Investment. The transaction was structured as a share deal.
Vienna, 8 November 2016 – China Electronics Technology Group Corporation (CETC), in collaboration with two other partners from China, is establishing its European headquarters in Graz. The deal to purchase a production site and office building from the Steinklauber Group was recently signed. Dr. Christian Buchmann, Economic Minister of Styria, and a high-ranking delegation from China were in attendance.
The other day it became official that Kynningsrud Fastighet is buying properties in Karlstad at Bergvik Shopping Centre (E18), and in Falkenberg at E6. Both properties are large unbuilt plots but will be developed near future. The goal for the new market operator is to grow further.